Egypt: Medical Instruments Market 2024

Medical Instruments Market Size in Egypt

The Egyptian medical instruments market expanded notably to $X in 2022, with an increase of 7.9% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Medical Instruments Production in Egypt

In value terms, medical instruments production totaled $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. Medical instruments production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Medical Instruments Exports

Exports from Egypt

In 2022, shipments abroad of instruments used in medical sciences was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 198%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical instruments exports rose modestly to $X in 2022. The total export value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for medical instruments exports from Egypt, with a 30% share of total exports. Moreover, medical instruments exports to Germany exceeded the volume sent to the second major destination, Sudan (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+26.7% per year) and Saudi Arabia (-4.3% per year).

In value terms, Germany ($X), Brazil ($X) and the UK ($X) appeared to be the largest markets for medical instruments exported from Egypt worldwide, together comprising 58% of total exports. Indonesia, Sudan, the Netherlands, Saudi Arabia, South Korea, Serbia, Pakistan, Libya and Bangladesh lagged somewhat behind, together comprising a further 21%.

Bangladesh, with a CAGR of +84.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average medical instruments export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price posted a temperate expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 89% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into Egypt

In 2022, approx. X tons of instruments used in medical sciences were imported into Egypt; leveling off at the year before. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 48% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical instruments imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest medical instruments supplier to Egypt, accounting for a 24% share of total imports. Moreover, medical instruments imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+29.0% per year) and Germany (-24.1% per year).

In value terms, the largest medical instruments suppliers to Egypt were the United States ($X), Germany ($X) and China ($X), together comprising 51% of total imports. Mexico, Italy, Singapore, France, Malaysia, Austria, Thailand, Taiwan (Chinese), India and Turkey lagged somewhat behind, together comprising a further 22%.

Mexico, with a CAGR of +55.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical instruments import price stood at $X per ton in 2022, which is down by -3.7% against the previous year. In general, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 109%. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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